US EconomySep. 26, 2025 9:05 PM ETACTV, AFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVV, IVW, IWC, IWM, IWN, IWO, IWP, IWR, IWS, IYY, QQQ, SPLV, SPMD, SPMO, SPMV, SPSM, SPUS, SPUU, SPVM, SPVU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SPYD, SPYG, SPYV, SPYX, SQEW, SQLV, SSO, SSPY, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, MAGS, TBT, TLT, TMV, IEF, SHY, TBF, EDV, TMF, PST, TTT, ZROZ, VGLT, TLH, IEI, BIL, TYO, UBT, UST, VGSH, SHV, VGIT, GOVT, SCHO, TBX, SCHR, GSY, TYD, VUSTX, SYSB, GBIL, UDN, USDU, UUP, RINF, AGZ, SPTS, FTSD, LMBS, SPTL, LGOV, SCHQ, TFJL, TBJL, GOVZ, UTWO, SGOVAmerican Institute For Economic Research2.05K FollowersThe Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at an annualized rate of 3.2 percent in August 2025.According to the BEA, core PCEPI grew at an annualized rate of 2.8 percent in August 2025, down from 2.9 percent in July.Market-based core PCE, which removes food and energy prices in addition to most imputed prices, grew 1.9 percent in August 2025.JLGutierrez/E+ via Getty ImagesBy William J. LutherInflation has exceeded the Fed’s two percent target for 54 consecutive months, with prices up 25 percent since March 2020.Prices rose faster last month, according to new data from theThis article was written byAmerican Institute For Economic Research2.05K FollowersAIER educates Americans on the value of personal freedom, free enterprise, property rights, limited government and sound money. Our ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity and human progress. www.aier.orgFounded in 1933, AIER is a donor-based non-profit economic research organization. We represent no fund, concentration of wealth, or other special interests, and no advertising is accepted in our publications. Financial support is provided by tax-deductible contributions, and by the earnings of our wholly owned investment advisory organization, American Investment Services, Inc. (https://www.americaninvestment.com/)CommentsRecommended For You